“”Until recently, borrowing money for a new kitchen, second-story addition, or other home improvement meant going to the bank, seeing a loan officer, and hoping for the best. Today, however, you have many more options. A mortgage broker, for example, can offer more than 200 different loan programs. And brokers are just one of the [...]

When showing your clients a home that needs repair or you are looking for a fixer-upper, get some information on our Federal Housing Administration (FHA) 203(k) renovation loans. These loans are perfect for a bargain hunter who has spotted a fixer-upper or a foreclosure in need of immediate repair, or a client who has found a home that would be ideal if only there were a third bedroom and a second bathroom.

Home Purchase w/ Remodel Loan. Basic understanding of our remodeling loan process is a good way to get plugged into what is required from you the homeowner during the process of the loan.

Well during the past year and a half the lending landscape home buying home buying has changed profoundly. Guidelines have been rewritten, loan programs completely canceled, “SO!” here we are. You can’t even get an equity line today! I’ve seen quite a few loan programs in my time in the lending industry.

Changes to the Truth in Lending Act:
What You Need to Know!
Regulation Z of The Truth in Lending Act (TILA) has undergone important changes that you need to know about when talking to your clients.

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On Monday, July 20, the Conference Board reported that its index of leading economic indicators rose 0.7% in June after a revised 1.3% gain in May.
It was the third straight monthly increase and an indication the recession might be nearing an end. Economists had expected an increase of 0.4%.
According to the ICSC-Goldman Sachs [...]

Todd Duncan Joins Prospect Mortgage as Chief Performance Officer - Prospect Mortgage (www.MyProspectMortgage.com) has announced that Todd Duncan, a renowned motivational speaker, sales trainer and best-selling author, has joined the company to lead a comprehensive sales, leadership and time management training program designed to drive its national sales team to the highest performance level in the industry.

They’re also investing in improvements to make their homes more energy-efficient, according to a recent home remodeling and repair report by ServiceMagic.com. Others are splurging on hot tubs and home theaters after realizing that they may be in their homes for some years to come — and want to make them as comfortable as possible.

Insulating your house can can be a great way to conserve energy and reduce your heating and cooling bills. FHA’s 203k home renovation loan can provide you with money for this upgrade and so much more. Today lets talk about the R-Value of your home and exactly what that means for your wallet.